Oshkosh Q1 Adjusted EPS Misses Estimates by 27%, Despite Slightly Raised FY Outlook
OSK sits 71% above its 52-week low of $87.7.
Summary
Oshkosh Corp reported Q1 adjusted EPS of $0.85, significantly missing the IBES estimate of $1.16, representing a 27% shortfall. Q1 sales also slightly missed estimates at $2,317.8 million against an estimate of $2,322 million. While the company provided a full-year adjusted EPS outlook of $11.5 and sales outlook of $11,000 million, both slightly above IBES estimates, the substantial Q1 adjusted EPS miss is a material negative surprise. This immediate quarterly underperformance is likely to be a primary focus for traders and could pressure the stock in the short term. Investors will be keen to understand the drivers behind the Q1 miss and management's confidence in achieving the full-year targets.
At the time of this announcement, OSK was trading at $150.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $9.6B. The 52-week trading range was $87.70 to $180.49. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Reuters.